Allen Enters into a Contract with Joe to Sell His

question 7

Multiple Choice

Allen enters into a contract with Joe to sell his car. However by mistake, he undervalues his car. Though the actual value of the car is $6000, he sells it to Joe for $3000. During the purchase, Joe is aware of the actual value but does not communicate this fact to Allen. Which of the following is likely to be true in such a scenario?

• A)Allen is entitled to compensation through a court of law.
• B)Allen is entitled to cancel the contract because he was not aware of the actual value.
• C)Joe is entitled to keep the car because the contract is valid.
• D)Joe must pay the difference to Allen in order to validate the purchase.

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Definitions:

ERPs

Event-Related Potentials; brain responses that are the direct result of a specific sensory, cognitive, or motor event, measured by electroencephalography (EEG).

Neural Activity

The electrical and chemical processes that occur within the nervous system, enabling it to perform functions like sensing, moving, and thinking.

Real Time

The actual time during which a process or event occurs, often used in the context of processing or reporting data immediately.

Positron-Emission Tomography (PET)

An imaging test that uses a radioactive substance called a tracer to look for disease or injury in the brain.